Annual Report of the Company -2025-26

Sanblue Corporation Limited 33rd Annual Report 2025-2026 CIN : L15400GJ1993PLC020073 SANBLUE CORPORATION LIMITED Board of Directors & Key Managerial Personnel of the Company: Mr. Jose Daniel (DIN:03532474) - Managing Director & CEO Mr. Sanjiv Shah (DIN:00256817) - Director Mrs Krina Shah (DIN:01798704) - Women Director Mr. Bhavik Shah (DIN: 10657606) - Independent Director Mr. Fenil Shah (DIN: 01558417) - Independent Director Mr. Milan Shah (DIN: 10657608) - Independent Director Mr. Dhaval Sheth - CFO Mr. Jekil Pancholi - Company Secretary STATUTORY AUDITORS M/s Kantilal Patel & Co Chartered Accountants KPC House, High Court Auditorium Gate, Sola, Ahmedabad-380060, Gujarat REGISTERED OFFICE 22A, Government Servant Society, Near Municipal Market, C. G. Road, Ahmedabad - 380 009. Tel.:079 26562055 Email: inquiry@sanbluecorporation.com Website: www.sanbluecorporation.com REGISTRAR & SHARE TRANSFER AGENT Office No. 303, Sun Square Complex, Near Chakradhari Society Bus Stop, Girish Cold Drinks Cross Road, C.G. Road, Navrangpura, Ahmedabad - 380009. Tel.: 079 – 49196459 Email: bssahd@bigshareonline.com Contents Page No. Website: www.bigshareonline.com Notice & Explanatory Statements 01 to 13 Director’s Report 14 to 19 Annexure A to D 20 to 26 Independent Auditor’s Report 27 to 35 Balance Sheet 36 to 36 Statement of Profit & Loss 37 to 37 Cash Flow Statements 38 to 38 Notes to Financial Statements 39 to 63 CIN : L15400GJ1993PLC020073 SANBLUE CORPORATION LIMITED NOTICE NOTICE is hereby given that the 33RD Annual General Meeting of Sanblue Corporation Limited will be held on Saturday, 26th Day of September,2026 at 12:00 pm (noon) through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM") at registered office of the Company to transact the following business: ORDINARY BUSINESS : 1. To receive, consider and adopt the Audited Statement of Profit & Loss for the year ended on March 31, 2026, the Balance Sheet as at that date and Cashflow together with the Auditor and Directors' Report thereon. 2. To appoint a director in place of Mrs. Krina Shah (DIN: 01798704), who retires by rotation and being eligible, offers herself for re-appointment. SPECIAL BUSINESS: 3. Re-appointment of Jose Daniel (DIN:03532474) as Managing Director and CEO of the Company: To consider and if thought fit, to pass with or without modification(s), the following Resolution as a Special Resolution “RESOLVED THAT pursuant to Sections 196, 197 and 203 read with Schedule V and other applicable provisions, if any, of the Companies Act, 2013 (including any statutory modification(s) or re-enactment thereof, for the time being in force) and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, and with the approval of the Members of the Company, Mr. Jose Daniel (DIN: 03532474) be and is hereby re-appointed as the Managing Director and CEO of the Company for a further period of five (5) years commencing from 1st July, 2026 up to 30th June, 2031, at a consolidated remuneration of Rs. 70,000/- (Rupees Seventy Thousand only) per month, inclusive of Basic Salary, Allowances and Perquisites, with the other terms and conditions of his appointment remaining unchanged. RESOLVED FURTHER THAT the Nomination and Remuneration Committee be and is hereby authorised to alter and vary the terms and conditions of the said re-appointment, including remuneration, in such manner as may be agreed by and between the Board/Nomination and Remuneration Committee of the Company. RESOLVED FURTHER THAT the remuneration payable to Mr. Jose Daniel (DIN: 03532474), Managing Director and CEO of the Company, shall at all times be within the overall limits stipulated under Section II of Part II of Schedule V of the Companies Act, 2013, as applicable to the Company, or such other limits as may be prescribed by the Central Government from time to time, based on the recommendation of the Nomination and Remuneration Committee and approval of the Board. RESOLVED FURTHER THAT any one Director of the Company be and is hereby authorised to file the necessary forms with the Ministry of Corporate Affairs and to do and perform all such acts, deeds, matters and things as may be considered necessary, desirable or expedient to give effect to this resolution.” For and on behalf of the Board Sanblue Corporation Limited Jekil Pancholi Date : 14/08/2026 Company Secretary Place : Ahmedabad FCS 12329 Reg. Office : 22-A, Government Servant Society, Near Municipal Market, C. G. Road, Ahmedabad - 380 009. CIN : L15400GJ1993PLC020073 SANBLUE CORPORATION LIMITED EXPLANATORY STATEMENT PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013 As required under Section 102 of the Companies Act, 2013 (including any statutory modifications) thereto or re- enactments made thereunder, if any, for the time being in force (the “Act”), the following explanatory statement sets out all material facts relating to the business mentioned in the accompanying Notice: ITEM NO.3 : The Board of Directors, at its meeting held on 29/05/2026, on the recommendation of the Nomination and Remuneration Committee, has approved the re-appointment of Mr. Jose Daniel (DIN: 03532474) as Managing Director and CEO of the Company for a further period of five (5) years with effect from 1st July, 2026 up to 30th June, 2031, at a consolidated remuneration of Rs. 70,000/- per month, subject to the approval of the Members. Mr. Daniel continues to play a significant role in the Company's operations and growth. The above re-appointment and remuneration are placed before the Members for approval by way of Special Resolution, and shall take full legal effect only upon such approval being obtained. Pending such approval, any remuneration drawn by Mr. Daniel in excess of that permissible under his prior terms of appointment shall be held subject to refund or such other treatment as may be required under the Companies Act, 2013. Except Mr. Jose Daniel, none of the other Directors and Key Managerial Personnel of the Company and their relatives are, in any way, concerned or interested, financially or otherwise, in the above resolution Pursuant to the Schedule V of the Companies Act,2013 the following information is provided to the members: I. General Information a. Nature of Industry: Sanblue Corporation Limited main business as a trading of Fabrics, dress materials, man-made fibers, cotton fibers, textiles , related products and also provide services as a Consultant for Capital issue, management advisors corporate bodies, individual and others in commercial and industrial management. b. Date of commencement of commercial production: The Company was incorporated on 26th August,1993 and commenced its operations in India immediately thereafter. The Company is engaged in the trading business. c. Financial Performance based on giving indicators: Particulars Audited figures Audited figures Audited figures Audited figures for the *financial for the *financial for the *financial for the *financial year ended 31st year ended 31st year ended 31st year ended 31st March,2026 March,2025 March,2024 March,2023 (Rs in lakhs) (Rs in lakhs) (Rs in lakhs) (Rs in lakhs) Total Revenue 369.78 241.66 204.52 475.15 Profit/(Loss) Before Tax 18.30 39.96 34.63 69.01 Profit/(Loss) for the year 19.02 32.96 25.33 69.01 Total Other Comprehensive (1867.59) (402.08) 1542.28 (148.48) Income *Prepared as per IND AS. CIN : L15400GJ1993PLC020073 SANBLUE CORPORATION LIMITED d. Foreign Investments or Collaboration if any: Nil II.Information about Mr. Jose Daniel: ITEM NO.3 : a. Background: Mr. Jose Daniel (born in 1976) holds a Master's Degree in Electronics from South Gujarat University and an Executive Program in Business Management (EPBM) from the Indian Institute of Management (IIM), Kolkata. He possesses nearly two decades of rich experience in the B2B Information Technology, Textile and Apparel industries. In view of his extensive experience and contribution to the Company, he has been re-appointed as [Showing first 8,000 characters — download PDF for full document]